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ALLIANCE DBS Research has maintained its “hold” call on Muhibbah Engineering, saying it was cautious of the company’s thinning orderbook balance. The research house said more job wins were needed to provide a comfortable degree of earnings visibility.
AXIATA Group Bhd’s 66%-owned Indonesian-listed subsidiary, XL Axiata (has entered into an agreement with PT Solusi Tunas PratamaTbk (STP) for the sale of its 3,500 towers for about RM1.5bil cash, said AllianceDBS Research.
Ta Ann Holdings Bhd’s log production for first eight months of 2014 surged 28.1% year-on-year (y-o-y) to 338,061 cu m, according to Affin Hwang Capital. It said the improvement was partly attributed to better weather conditions, which have helped to increase the log supply.
Thailand's tourism industry is expected to face another tough year if the government maintains martial law, the head of the Tourism Council of Thailand said yesterday
SINGAPORE/KUALA LUMPUR: Rubber producers in Asia are to meet next week to look at more measures to push up prices, which are not far above five-year lows, including restrictions on supply to global markets, a source who will be part of the meeting said.
TOKYO: Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election just two years after he took office.